As of Thursday close, Topgolf Callaway Brands Corp.’s (NYSE:MODG) stock was up $0.09, moving up 0.52 percent to $17.44. The average number of shares traded per day over the past five days has been 2,976,040 shares. 4 times new highs have been achieved over the past 5 days, with a $1.23 gain in that time frame. In the last twenty days, the average volume was 2,897,015, while in the previous 50 days, it was 2,287,126.
Since last month, MODG stock retreated -10.01%. Shares of the company fell to $16.13 on 08/18/23, the lowest level in the past month. A 52-week high of $25.96 was reached on 02/03/23 after having rallying from a 52-week low of $16.13. Since the beginning of this year, MODG’s stock price has dropped by -11.70% or -$2.31, and marked a new high 20 times. However, the stock has declined by -32.82% since its 52-week high.
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MODG stock investors should be aware that Topgolf Callaway Brands Corp. (MODG) stock had its last reported insider trading activity 7 days ago on Aug 25. BREWER OLIVER G III, the President and CEO of the company, purchased of 10,000 shares for $16.21 on Aug 25. It resulted in a $162,100 investment by the insider. ANDERSON ERIK J sold 10,000 shares at an average price of $16.58 on Aug 23. The insider now owns 822,959 shares following the transaction. On Aug 22, Director ANDERSON ERIK J sold 10,000 shares at $16.29 apiece. The transaction was valued at $162,900.
Valuation Metrics
Right now, Topgolf Callaway Brands Corp. (MODG) has a P/E ratio of about 32.97. The stock’s beta is 1.77. Besides these, the trailing price-to-sales (P/S) ratio of 0.76, the price-to-book (PB) ratio of 0.82.
Financial Health
In the three months ended June 29, Topgolf Callaway Brands Corp.’s quick ratio stood at 0.90, while its current ratio was 1.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.45, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 61.50% percent. In the year ended June 29, EBITDA margin amounted to 14.49%, whereas operating margins totaled 5.50%. Based on annual data, MODG earned $2.41 billion in gross profit and brought in $4.0 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.00%. Return on equity (ROE) for the past 12 months was 2.80%.
In Topgolf Callaway Brands Corp.’s quarter-end financial report for June 29, it reported total debt of $1.53 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MODG’s revenue rose 5.43% to $1.17 billion during the quarter, while net income inched up to $1.18 billion. While analysts expected Topgolf Callaway Brands Corp. to report $0.34 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by 14.70%. During the quarter, the company generated $199.7 million in EBITDA. The liabilities of Topgolf Callaway Brands Corp. were 5.03 billion at the end of its most recent quarter ended June 29, and its total debt was $4.19 billion. The value of shareholders’ equity is $185.48 million.
Technical Picture
This quick technical analysis looks at Topgolf Callaway Brands Corp.’s (MODG) price momentum. With a historical volatility rate of 23.06%, the RSI 9-day stood at 57.24% on 31 August.
With respect to its five-day moving average, the current Topgolf Callaway Brands Corp. price is up by +7.59% percent or $1.23. At present, MODG shares trade -8.16% below its 20-day simple moving average and -19.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.36% below its SMA50 and -18.69% below its SMA200.
Stochastic coefficient K was 82.33% and Stochastic coefficient D was 62.75%, while ATR was 0.50. Given the Stochastic reading of 86.76% for the 14-day period, the RSI (14) reading has been calculated as 49.00%. As of today, the MACD Oscillator reading stands at 0.60, while the 14-day reading stands at 0.66.
